On October 10, 2024, the Nigerian Exchange Ltd. (NGX) saw a significant decline in transaction value, dropping by 33.
09% compared to the previous day.
Investors traded 277.
75 million shares worth N4.65 billion in 7,091 deals, down from 356.
13 million shares valued at N6.95 billion in 8,582 deals on Wednesday.
This decline reflects a slowdown in market activity and investor sentiment, as the lower number of deals and traded shares indicate a more cautious market.
These large-cap stocks typically have a significant impact on the overall market, and their decline contributed to the bearish outlook.
This mixed performance indicates that while some investors remained optimistic about certain stocks, broader market concerns, particularly in the banking sector, dampened overall investor sentiment...
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